Online Access Free GRCP Practice Test

What is the role of identification criteria?

• A.Identification criteria are used to focus on priority objectives and results.
• B.Identification criteria are used to establish the communication channels within the organization regarding opportunities, obstacles, and obligations.
• C.Identification criteria are used to determine the order in which units undertake identification activities.
• D.Identification criteria are used to calculate the total budget for the organization based on priority objectives and the number of related obstacles and obligations.

What are the three orientations of actions and controls in the PERFORM component?

• A.Management, governance, and assurance orientations
• B.Strategic, operational, and tactical orientations
• C.Short-term, medium-term, and long-term orientations
• D.Financial, operational, and reputational orientations

What are the two dimensions that drive an organization's engagement with stakeholders?

• A.Compliance and Ethics
• B.Push and Pull
• C.Interest and Power
• D.Internal and External

What is the role of key performance indicators (KPIs)?

• A.KPIs are subjective measures that are not based on any specific metrics or data
• B.KPIs are indicators that help govern, manage, and provide assurance about performance related to an objective
• C.KPIs are used to determine employee compensation and bonuses
• D.KPIs are only relevant for external reporting and have no impact on internal decision-making

How do organizations address opportunities and obstacles?

• A.Opportunities are addressed by expanding the product portfolio; obstacles are addressed by changing objectives
• B.Opportunities are addressed through decisions made at the unit or department level; obstacles are addressed at the governing body level
• C.Opportunities are addressed through aggressive marketing and sales strategies; obstacles are addressed through cost-cutting measures
• D.Opportunities are addressed using performance management systems and key performance indicators (KPIs); obstacles are addressed using risk management systems and key risk indicators (KRIs)